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Global Economic Updates: Central Bank Actions and Inflation Forecasts

The week ahead is packed with economic events, including interest rate decisions in China, Indonesia, Ukraine, and Turkey, as well as speeches by European colleagues. Income growth is expected to accelerate, while energy costs continue to rise.

by Terry Bingman
Thu, Apr 25, 2024 5:43am
in Economy
• 3 mins read
14.8k
Global Economic Updates: Central Bank Actions and Inflation Forecasts | FinOracle

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Federal Reserve Signals Interest Rates to Remain High Amid Inflation Concerns

Federal Reserve officials are preparing for the likelihood that their battle against inflation might be far from over, indicating a potential shift towards maintaining higher interest rates for a more extended period than initially anticipated. This adjustment in stance comes ahead of the release of key inflation metrics, which are expected to underscore the persistent challenge of price increases.

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